Nigeria's CBDC 'a Safer Option' Than Privately Issued Cryptocurrencies: Central Bank Official – Emerging Markets Bitcoin News

As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.” Payment System Stability In addition, the CBN’s digital currency — also known as the e-naira —… Continue reading Nigeria's CBDC 'a Safer Option' Than Privately Issued Cryptocurrencies: Central Bank Official – Emerging Markets Bitcoin News

Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates – Emerging Markets Bitcoin News

In a possible policy shift, the Central Bank of Nigeria (CBN) recently allowed the local naira currency to briefly drop to a new low of USD$1 for 419.75 nairas on May 14, 2021. However, by close of business the naira had recovered and was trading around 411.25. Before the latest adjustment, the naira had fluctuated… Continue reading Nigeria Devalues Currency as Central Bank Moves to Unify Exchange Rates – Emerging Markets Bitcoin News